Temenos T24 Datasheet

Challenges Faced by Temenos T24 Users

As finance departments are increasingly put under pressure from regulators, management and investors to have better, more timely
information they are having to put in place more robust financial reporting systems. The challenge is to have a single version of the truth for
financial and banking performance reporting.

Temenos T24 is a powerful, market leading core banking solution but it can be quite complex for finance users to get the data out in a way
that shows the total financial position of the bank.

BankBI for T24 Helps CEOs to:

Track daily growth in Reconcile product Align regional directors,

sales across regions balances and revenue branch managers and officers
and branches to finance’s numbers to strategic goals & targets

Enable your finance Measure the risk &

Monitor the usage
department to succeed profitability of the
of channels
with automated tools product portfolio

Use data as the basis

for decision making

BankBI
BankBI provides pre-built integration to Temenos T24 and a comprehensive data model built for financial reporting. It satisfies the finance
department’s need for automated daily reporting and intuitive dashboards, alongside comprehensive analysis of the loan & deposit portfolio.

For financial institutions running T24 and looking to gain efficiencies, reduce risk and improve performance, BankBI offers financial & banking,
risk and regulatory reporting via desktop, tablet and mobile.

How BankBI Helps

For Temenos users that have standardised on a simpler implementation model
to use a ‘traditional’ subset of the broad range of T24 applications, BankBI
has pre-built integration for T24 modules both from a financial reporting
perspective as well as a loan & deposit perspective.

The BankBI team have detailed knowledge of T24 and one of its strengths is
understanding how to use the powerful distributed GL structure within T24.
BankBI is able to reference financial statements back to, and reconcile with,
the underlying loans and deposits - either to the T24 GL or an external General
Ledger system. Any discrepancies or mismatches are identified during the
automated daily BankBI reconciliation process.
BankBI for T24 Helps CFOs to:

Produce monthly board

Enable daily Close the month
reports automatically for
financial analysis end efficiently
the CEO & the Board

Reduce errors, increase Respond to questions

Enable Drill-down
accuracy & operate quicker by having access to
analytics into any KPI
independently of IT daily financial information

Complete central bank

regulatory reporting
automatically

Management Board and T24 Integration

Regulatory Reporting
BankBI provides Management Board Pack and time-critical
month-end reporting automatically, minimising the reliance
on time-consuming and labour intensive, not to mention
error prone spreadsheet manipulation at month-end.
This process can also support a broad variety of regulatory
reports with financial, loan and deposit data. Starting with the
balance sheet and then reporting various regulatory schedules
of loans and deposits, broken down by:
Maturity bands Central bank sectors no on premises hardware or licensing.
BankBI integration takes data directly from the T24 core
banking application, can be added to the close of business
process (T24 CoB) and leverages native T24 performance
benefits such as multi-threading.
As a cloud based software-as-a-service (SaaS) application
BankBI offers the following:
A team that understands T24 users’ financial and
banking reporting requirements.
A reporting transformation process in the cloud –

Foreign/ local currency Resident/ non-resident Pre-built and customisable data extracts of T24
reporting fields (including Local Ref.)
Arrays of other categorisations
Pre-built reports and dashboards available on desktop,
BankBI can also show how the regulatory reports tablet and mobile.
reconcile to the numbers in the bank’s internal Dynamic drill-down analysis of complex Financial
management accounts. Ratios and T24 Banking Performance KPIs

Banking Groups - Financial Consolidation

BankBI can be used by Microfinance networks or banking groups using Temenos T24
at different versions. BankBI can be used to consolidate data and reporting for the
whole group or parts of the groups, solely for T24 or combined with other core banking
systems.

BankBI has standard extracts that can have bespoke configuration for each country to
retain local reporting requirements whilst standardising reporting at the group level.
Multiple countries can be implemented in parallel.

Incorporating a vast array of industry standard KPIs and a pre-configured framework that delivers performance management ratios
out-of-the-box, BankBI helps T24 institutions measure, monitor and manage critical information metrics across the organisation.

BankBI is designed and architected to be delivered in a Software-as-a-Service model and its standardised, pre-built, configurable
approach eliminates the need for prolonged data warehousing projects.
Case Study: Out-of-the-Box Solution for VisionFund International
Since engaging with BankBI, global microfinance network VisionFund International (VFI) has Sector
gained visibility and control over its operational portfolio. Visibility that is providing insights into Microfinance
financial and social performance data and accelerating VFI’s overall transformation strategy.
Country
VFI is engaged in a multi-year transformation programme to standardise core banking and Africa
Asia Pacific
financial system platforms and one of the problems they faced was very limited visibility over
Latin America
data. VFI reached out to ‘the obvious’ vendors before connecting with BankBI via their past
Middle East
experience in the Temenos market. Eastern Europe
Initially the plan was to install BankBI within each of the 30-plus MFIs in line with the
BankBI Applications
transformation program, and in the MFIs where this has been done the daily portfolio reporting Financial Performance,
and deep financial analysis BankBI offers has given VFI a level of control they had previously Banking Performance
found impossible to achieve.
Source Systems
”BankBI’s previous experience with T24 along with their remote implementation T24
methodology has meant we’ve been able to get up and running in those sites Mambu

really quickly. It’s a powerful combination for institutions like ours.”

Tom Allen, VFI Global Director of Change & Programmes

However, waiting for the core systems rollout meant VFI was going to have to wait too long
for the analytics insights it desperately needed. The solution has been a ‘FastTrack’ programme
where approaching 30 MFIs upload their loan portfolios directly to BankBI in Microsoft Azure.

A complete rollout of the BankBI system including full financial analytics is still very much the
plan, however in the interim the process has been streamlined into something that is both
valuable and readily achievable. Providing the most critical information in the shortest possible
time, a global analysis of the VFI network operational portfolio.

“In practical terms this means not just that BankBI have the software and a highly
effective implementation methodology but the willingness to go the extra mile to
get us where we want to be. In that sense BankBI has given us back the reins.”
Tom Allen, VFI Global Director of Change & Programmes

About BankBI
We are banking experts, delivering
business intelligence via the cloud to
your browser window.

We work with Banks, Credit Unions

and Microfinance Institutions.

Visit our website

5 Milbanke Court
Milbanke Way, Bracknell
Berkshire, RG12 1RP
United Kingdom

www.bankbi.com